The Daily Mail is not my favourite newspaper, but the screaming headline that caught my attention this week? It now costs £51000 to raise a child — and that’s not including school fees!, it caught my attention because I could swear that it was only recently that The Guardian was telling us that it costs £222,458 to raise a child from birth to 21 ( see data here http://bit.ly/11VkU6H). I must admit to being just a little confused! Surely the amount that it costs to raise a child from birth to 21 is as much as you can afford it to be? Amongst the predominantly negative comments regarding the article in the Mail, I found this positive treasure —
Unfortunately, the researchers have it all wrong. Those are NOT costs, but rather INVESTMENTS, and the returns are out of this world. Signed: Grandma & Grandpa.
I just love the sentiment so efficiently expressed, this is how I choose to view the journey of taking a child from birth to adulthood. Yes, it can be expensive without doubt, but worth every penny when you see your children transform before your very eyes into the adults you hoped they would be.
It has never even occurred to me to add up the cost of raising my own children, I don’t doubt that it has been a massive financial undertaking. Those of you who have been following my blogs will already know that I believe a goHenry account would have saved me a considerable part of that fortune spent. For those of you with teens, it would be great to hear your thoughts, do you see raising a child as an investment or a cost? Do you see the goHenry account helping you budget through this expensive phase? Please do leave your comments, we’d love to see them.